Coats Notes: Repeal the Medical Device Tax, Make a Difference by 'Packing the Pantry' for the Ronald McDonald House

Senator Dan Coats
2012-12-07 17:15:56
<iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/co ats_topbanner.jpg> Dear Friend, Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback. Thanks for reading, Dan Coats _____ Repeal the Medical Device Tax When President Obama signed his health care bill into law, it included a damaging tax on the medical device industry. This $30 billion tax is scheduled to go into effect on January 1, 2013. This tax will be imposed on every device these companies sell, further exacerbating its impact on the industry, on the doctors and hospitals who use the devices, and on the consumers that receive them. As a result, companies are reporting potential layoffs and plans to outsource good-paying jobs. Cook Medical announced that it is scrapping its plans to build five plants that would have created hundreds of jobs. This week, the Internal Revenue Service (IRS) issued its final regulation on how the tax on medical devices under the health care law will be implemented. This final rule is yet another reminder of why Congress must act now to address the fiscal cliff and looming taxes hikes. The medical device tax will cost Hoosier jobs, stifle medical innovation and increase health care expenses. The medical device industry employs more than 20,000 Hoosiers and 400,000 Americans nationwide. A recent report warned that the tax could cost an estimated 2,124 Hoosier jobs and likely result in American manufacturers shutting down plants in the U.S to replace them overseas. Both sides of the aisle have acknowledged the damaging impacts this tax will have on an industry that not only provides jobs to thousands of Americans, but also enhances the lives of patients around the world. This innovative industry is not just a great contributor to the economy; it changes the lives of individuals. As Congress works to address the looming fiscal cliff, I am fighting on behalf of Hoosiers to include a repeal of the medical device tax in any final package. _____ Make a Difference by 'Packing the Pantry' for the Ronald McDonald House This week, I hosted a 'Pack the Pantry' food drive with The Children's Museum of Indianapolis to support the Ronald McDonald House. Thank you to all of those who have already donated generously to the food drive. Your kindness will help ease the burden on families while they care for their children receiving treatments at the Riley Hosptial for Children. I was grateful for the opportunity to visit the Ronald McDonald House this week to drop off donations, and I was thrilled to see so many volunteers helping this great cause. If you are in the Indianapolis area and would like to help the Ronald McDonald House, there is still time. The "Pack the Pantry" food drive will wrap tomorrow, Saturday, December 8. With only a day left to contribute, click here <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fissues%2ffooddrive> or on the images below to learn how you can help 'Pack the Pantry.' <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fwatch%3fv%3dW1DRSDozGIU%26amp%3bfeature%3dshare%26amp%3blist %3dUUipTNiqJBYHutxpMxo0UOYw> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fyoutu. be%2ft1x8LBFluV8> Coats in the News High Ranking Naval Official to Visit NSA Crane on Monday <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.gc dailyworld.com%2fstory%2f1920144.html> Uncertainty of Fiscal Cliff Concerns Local Business People <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fherald bulletin.com%2fbusiness%2fx1951911285%2fUncertainty-of-fiscal-cliff-conc erns-local-business-people> VA Center Resuming Inpatient Treatment <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.jo urnalgazette.net%2farticle%2f20121204%2fLOCAL12%2f312049980%2f1002%2fLOC AL> Treasured Ornaments: Region Notables Share Their Favorite Holiday Decorations <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.nw itimes.com%2flifestyles%2fhome-and-garden%2ftreasured-ornaments-region-n otables-share-their-favorite-holiday-decorations%2farticle_3f90ca9e-7245 -58d3-87eb-351e72a6b832.html> _____ Stay Connected <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.fa cebook.com%2fpages%2fSenator-Dan-Coats%2f180671148633644> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2ftwitte r.com%2fSenDanCoats> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fSenatorCoats> _____ Coats Visits the Ronald McDonald House of Indiana <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fissues%2ffooddrive> Senator Coats at the Ronald McDonald House of Indiana. <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/RM H4.jpg> Senator Coats with Beth Johnson, Executive Director of the Ronald McDonald House of Indiana. <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/rm h5.jpg> Senator Coats at the Ronald McDonald House of Indiana's Open House. _____ Unsubscribe Contact Me <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fcontact%2f> Latest News <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14722.7779182.5186388.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2f> <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/iq trk.gif?crop=14722.7779182.5186388.7189397>
 

Dear Friend,

Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback.

Thanks for reading,
Dan Coats


Repeal the Medical Device Tax

When President Obama signed his health care bill into law, it included a damaging tax on the medical device industry. This $30 billion tax is scheduled to go into effect on January 1, 2013. This tax will be imposed on every device these companies sell, further exacerbating its impact on the industry, on the doctors and hospitals who use the devices, and on the consumers that receive them. As a result, companies are reporting potential layoffs and plans to outsource good-paying jobs. Cook Medical announced that it is scrapping its plans to build five plants that would have created hundreds of jobs.

This week, the Internal Revenue Service (IRS) issued its final regulation on how the tax on medical devices under the health care law will be implemented. This final rule is yet another reminder of why Congress must act now to address the fiscal cliff and looming taxes hikes. The medical device tax will cost Hoosier jobs, stifle medical innovation and increase health care expenses.

The medical device industry employs more than 20,000 Hoosiers and 400,000 Americans nationwide. A recent report warned that the tax could cost an estimated 2,124 Hoosier jobs and likely result in American manufacturers shutting down plants in the U.S to replace them overseas.

Both sides of the aisle have acknowledged the damaging impacts this tax will have on an industry that not only provides jobs to thousands of Americans, but also enhances the lives of patients around the world. This innovative industry is not just a great contributor to the economy; it changes the lives of individuals.

As Congress works to address the looming fiscal cliff, I am fighting on behalf of Hoosiers to include a repeal of the medical device tax in any final package.


Make a Difference by 'Packing the Pantry' for
the Ronald McDonald House

This week, I hosted a 'Pack the Pantry' food drive with The Children's Museum of Indianapolis to support the Ronald McDonald House.

Thank you to all of those who have already donated generously to the food drive. Your kindness will help ease the burden on families while they care for their children receiving treatments at the Riley Hosptial for Children. I was grateful for the opportunity to visit the Ronald McDonald House this week to drop off donations, and I was thrilled to see so many volunteers helping this great cause.

If you are in the Indianapolis area and would like to help the Ronald McDonald House, there is still time. The “Pack the Pantry” food drive will wrap tomorrow, Saturday, December 8. 

With only a day left to contribute, click  or on the images below to learn how you can help 'Pack the Pantry.'



Coats in the News

High Ranking Naval Official to Visit NSA Crane on Monday

Uncertainty of Fiscal Cliff Concerns Local Business People

VA Center Resuming Inpatient Treatment

Treasured Ornaments: Region Notables Share Their Favorite Holiday Decorations


Stay Connected

      


Coats Visits the Ronald McDonald House of Indiana


Senator Coats at the Ronald McDonald House of Indiana.


Senator Coats with Beth Johnson, Executive Director of the Ronald McDonald House of Indiana.


Senator Coats at the Ronald McDonald House of Indiana's Open House.


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